Taunton Retirement Board Supplemental Regulations

Calculation of Creditable Service for Members Who Purchase Past Service


Buy-Backs


Rules and Regulations


Membership/Eligibility Requirement


Creditable Service


Make-up Payments/Redeposits


Disbursements of Funds


Miscellaneous


Election Rules


Rules and Regulations

Creditable Service:
a. Credit will be granted on the basis of one (1) year credit for each year of service with the exception of seasonal employees who receive one (1) year credit for actual full-time service of no less than seven (7) months during any one calendar year and elected officials are entitled to a full year of creditable service for the weeks served during his/her last calendar year as an elected official;

b. Full-time employees will receive full credit except in instances where full-time employees also had part-time service. Part-time service will then be pro-rated as it relates to the full-time position;

c. Part-time employees will receive full credit provided that they have not been a full-time/part-time employee as stated previously. An employee who has remained part-time constantly will receive the full credit and will be equitable with full-time employees. The deciding factor will be their earnings;

d. 5 years maximum credit will be allowed to reserve or permanent-intermittent police officers regardless of whether they are appointed as permanent members of the Police Department (s. 4(2)b) , and only if they gain employment in a qualified position becoming eligible for membership;

e. 5 years maximum credit will be allowed to reserve firefighters regardless of whether they are appointed as permanent members of the Fire Department (s.4 (2) b), and only if they gain employment in a qualified position becoming eligible for membership;

f. 5 years maximum credit will be allowed to permanent-intermittent or call firefighters only if they are later appointed as permanent members of the Fire Department (s.4 (2)b). AMENDED May 18, 1993.

Make-up Payments/ Redeposits:
a. Members may buy-back C.E.T.A. and EEA service with the City of Taunton provided that the employee gains employment in a qualified position becoming eligible for membership and provided that said service can be documented;

b. Make-up payments are allowed for members who previously worked less than part-time and were ineligible for membership Credit will be pro-rated as it relates to current position. Credit will only be given for actual service with the exception of seasonal employees who can buy back up to one year credit for service not less than seven (7) months in a calendar year;

c. The Board, upon proper request and review, will determine how much creditable service, if any and make-up payments, if any, will be allowed for employment which is sporadic, temporary and of a limited nature; , AMENDED 5/28/98.

Disbursement of Funds:
Disbursements shall be authorized by signatures of any two (2) members of either our three (3) member Retirement Board or the executive secretary who is authorized to sign by the Retirement Board as per c. 32, s. 23(2); AMENDED 5/28/98.

Miscellaneous:
a. Accidental disability applicants must be present when their application is reviewed by the board unless a medical reason exists that prevents them from being present;

b. Reserve or permanent-intermittent police officers and reserve, permanent-intermittent or call firefighters who are actually assigned to duty before being permanently appointed, must pay retirement deductions into the system. (Not to exceed five (5) years)’

Investments:
Shall be made in accordance with M.G.L. c. 32 and PERA regulations 840 CMR 16.00 TO 23.00 for waived systems. AMENDED 5/28/98 AMENDED 5/28/98.